REA Group: Result 2014

Despite the recent complaints from estate agents, the property website continues to go from strength to strength.

The hot Australian property market has translated into another bonanza year for REA Group, with net profit rising 37% to $150m on revenue that grew 30% to $438m. Earnings per share rose 36% to 114 cents, although this was less than the $1.16 expected and the shares have duly fallen almost 8% (in a market that’s down over 1 per cent, mind).

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